Ever since joining this community two months ago, I've been accumulating Steem Power by posting, voting, and commenting on all sorts of things. It took me a long time to understand this. There are a lot of posts here on various explanations, I want to try to write down everything I could find on the subject and try to help better understand it.
Steemit FAQ In this link: https://steemit.com/faq.html#What_are_Steem_witnesses
Voting Power
As you should already know you can vote on people's posts if you like them.For example, if you have 100% voting power, and upvote a post with 100% weight, then you will cost 0.5% voting power of you.
Steem Power is basically Steem that is locked in a vesting fund for 3 months. Users can use steem power to upvote content and get curating rewards.
Stop Voting for each post you read and let your Steem "Voting Power" build up to 100 %.
You start with 100%"Voting Power". If you make a vote of 100%. For example, whales and dolphins with more capital can choose to do 1% (of that 2%), you will use up 2% of your "Voting Power". Each day you regenerate 20% "Voting Power".
You have to remember, The lower your "Voting Power" is, the less weight your vote carry so the lower the reward.
To see your current vote power enter this site: SteemWorld.org Built by @steemchiller.
(Add your Steemit User Name to the end of the address).
You will see something that looks like this:
Another great tool, calculate your voting power, it is developed by @penguinpablo.
You need to input the Steem Power, next to the Voting Power percentage and the Vote Weight. Here are the links: steemnow.com and steemnow.com/upvotecalc
@rickyjrx wrote an excellent post Steemit 101, on upvotes and how to use them.
Go read this post, you'll learn a lot of important things from it.
@donkeypong wrote a very serious guide that includes everything, Here is the Steemit 101: https://steemit.com/steemit/@donkeypong/announcement-steemit-101-e-book-released-for-free-part-1 - If you prefer a PDF copy, you can find it here: http://docdro.id/ZKd07nA
This is Part 2 of the Steemit e-book: https://steemit.com/steemit/@donkeypong/announcement-steemit-101-e-book-released-for-free-part-2
Witness Voting
One of the main jobs that Witnesses perform, is to keep the Steem blockchain running in a timely fashion. Witnesses are guardians of the blockchain!
Witnesses are generally indicated that they trust community members, contribute positively to Steem and Steemit in many ways, and experienced in cryptocurrency networks and software.
Witnesses are expected to maintain a brake that produces STEEM running 24/7.
They are also expected to provide a continuous price update of the value of STEEM tokens in dollars, set the minimum STEEM POWER deposit to create an account, set the APR% for the Siam rate interest, and in the future may set additional network variables.
Witnesses are an additional incentive to be committed to the long-term and also to contribute to cremation.
Witnesses are rewarded for these services, features and of course running their node by getting activated by 1 STEEM for each block they produce, By paying in STEEM POWER.
You can see the current list of top 50 witnesses HERE, And the top 100 witnesses HERE
You can vote for a maximum of 30 witnesses. just type the witnesses user name in the box below and hit the vote button You will see something that looks like this:
You can also see Witness Updates in the category thread: https://steemit.com/created/witness-category
If you're not sure what a witness vote is, or why it's important, read this post By @lukestokes .
https://steemit.com/witness-category/@lukestokes/steemit-is-free-but-your-witness-vote-determines-its-future
Steem (STEEM) price, charts, market cap, and other metrics
Here you can see where most of the Steem is currently traded
If you ask why the price is down today, it will not only stam but the entire market.
I think that the coins are pegged to bitcoin, when the bitcoin price drops, all the other currencies go with it. We are looking at 20% for a good share of them. It's not nice but again, it happens in this volatile market. Every day you do the same amount of stalk being given out and if the price is going to back up you do the same amount you do anyway.
For a complete Steem Report enter here
There also exists other ways to convert Steem to Bitcoin via Blocktrades.us or Blockpay.
Steem is liquid and can be bought in an exchange and converted into steem dollars or steem power.
If I was wrong, please forgive me, I try to write what I learned and it is not perfect.
Text Sources:
@rickyjrx steemit-101-upvoting
@donkeypong Steemit 101 Part 1 and Steemit 101 Part 2
Images Sources:
Images via Pixabay.com
Image steem-dollars currencies
Good article.. you can write a whale type article already..
Do you really think so?
Thank you very much dear friend, I appreciate it
Good share on Witness and Witnesses for STEEMians.. We aspire to also follow in the path and stay the course to support STEEMIT's growth as we continue our Journey. Much Thanks! Upvoted, following and Resteemed to show our support. Cheers!
I thank you for your support and help thank you very much
Thank you for information
I am a new user on steemit, I struggled lot to understand it. Your valuable post help me lot to understand it
That was the goal of this post, I'm very glad it helped you
Thank you very much for your beautiful response
Welcome sir
Thank you so much, dear Friend
UpVoted @nirgf for sharing valuable information with Steemians...
Thank you very much dear friend - I appreciate it very much
I'm glad there are guys who can and want to help others
Yes @nirgf I sense this act is what makes Steemians an amazing Community.
I agree with you completely
Thank you for Using #promo-steem tag, Promote steemit by inviting your friends and your family!
Thank you
this clarifies some questions I had
Well, I'm very happy
What I can help is always good
Thank you for your comment
It is perfect. You were able to express yourself fully. ♡
Thank you so much for the beautiful words - I really appreciate it
You are welcome =)
ok
@driva has voted on behalf of @minnowpond.
If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.
To receive an BiggerUpvote send 0.5 SBD to @minnowpond with your posts url as the memo To receive an BiggerUpvote and a reSteem send 1.25SBD to @minnowpond with your posts url as the memo To receive an upvote send 0.25 SBD to @minnowpond with your posts url as the memo To receive an reSteem send 0.75 SBD to @minnowpond with your posts url as the memo To receive an upvote and a reSteem send 1.00SBD to @minnowpond with your posts url as the memoThank you very much
Wow you learn wayy more stuff than I do. I only know how to use steemnow.com but not really about the steem price and stuff. Just treating steemit as my blog, not sensitive with the money flow :(
:} Every day you learn something else
This post has received gratitude of 2.14 % from @appreciator thanks to: @nirgf.
Very explanatory...
Thank you very much for those words, Thank you for reading my post
Steem and Steem Dollar are liquid currencies. I read it from @MinnowUniversity post about our balances.
I supposed to buy Steem to Power Up but did not continue due to recent Blockchain fee increase. We could earn free Steem thru EarnCrypto 😊
Thank you very much for your important information
A lot of knowledge is distracted here in various posts, it is important to know all that can be achieved and can help
Superb run down here, I learned alot from this and it explains clearly some aspects of Steemit I had struggled to understand. A good read for everyone on here.
You're one of the people I really appreciate here.
I'm glad it came out a good post and that it helps others, thank you very much dear friend
Excellent post, thanks for sharing.
Thanks for reading and commenting
Your energy and time for creating a very helpful post for us, planktons, have been much appreciated.
Have a great day.
Cheers.
WOW, Many thanks for the good words
You have my support from the facebook group.
I follow you.
really? It's great and nice to hear, lots of thanks for your support
Great summary here. Always power up your SP and interact and engage with other steemians. Those are the two biggest factors for success(IMO)
Important information, thank you very much for your explanation.
I'm glad it helped
thanks for the post ...
Thank you very much for your attention
I have not seen you for a long time !originalworks @OriginalWorks
The @OriginalWorks bot has determined this post by @nirgf to be original material and upvoted(1.5%) it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
thanks, man this is great information! I'm still trying to figure the whole thing out. I did a couple posts this week and didn't realize I couldn't put a referral in a post and it killed my score now I have to figure out how to get it back up. Lesson learned. It's very easy to screw your self without even knowing it. I got busted for posting my own picture and they wanted to harass me for stealing a photos taken from my phone. Still trying to figure out how i have to post it online before it can be used on steem
It's unpleasant, you have to give credits if you use anything that is not yours.
Thank you very much for your comment dear friend
Thanks! I still haven't figured all this stuff out...
Read all the information here, it will be more understandable to you after that.
Thank you for your comment
resteemed . thanks @nirgf
Thanks for your help, it can help a lot of other people
you're welcome. @nirgf
Hello my freind how are you?
Thanks, okay, how can I help you?
Thanks brother I want to have a good profit on my post
Are you gay ?
what?
Thanks: "To see your current vote power enter this site: SteemWorld.org Built by @steemchiller. (Add your Steemit User Name to the end of the address)."
Excellent Tools of which I knew nothing about. Thanks again for your post. It was rewarded and ReSteemed.
Thank you very much, dear friend, I am very happy that this added more knowledge to you
Thank you, dear friend
I really appreciate it
Resteemed
Thank you dear friend
This post was resteemed by @steemvote and received a 34.36% Upvote
Excellent, Thank you very much for your HELP
Thank you for this post. I learned a lot. Upvoted & Resteemed. :D
Thanks for sharing your experiences, I'm glad to hear that it was good
This post resteemed by @bestbot Resteem service
Thank you very much
Thanks!